to make the L.I.C. POLICY IN ISLAM IS PERMIT.TO WORK AS A L.I.C AGENT IA ALLOWED IN ISLAM TELL ME ABOUT COMMISSION AGENT THAT MONEY IS HALAL OR HARAMPLEASE TELL ME IN DETAILS KHUDA HAFIZ. ASSALAMUALIKUM
Answer
(Fatwa: 2145/1732=B/1429)
The LIC policy is composed of interest and gambling i.e. these two things are found therein, which have been declared haram (forbidden) by the Quran and Hadith. Therefore, it is unlawful to take the policy. Working as LIC agent is helping in sin which is also not lawful.
Allah (Subhana Wa Ta’ala) knows Best
Darul Ifta,
Darul Uloom Deoband